Engineering Economy (16th Edition) - Standalone book
16th Edition
ISBN: 9780133439274
Author: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher: PEARSON
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Question
Chapter 1, Problem 1P
To determine
Decision making.
Expert Solution & Answer
Explanation of Solution
Total saving (S) from the trip can be calculated as follows.
Total saving after imposing the cost is $0.1673 per mile. If the cost of travel is less than the $0.1673 per mile, then the person can take the trip. The cost of gasoline for the travel is $1.25
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Chapter 1 Solutions
Engineering Economy (16th Edition) - Standalone book
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